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Statist Policy and the Great Depression

by Dan Mitchell | Sep 17, 2014 | Big Government, Blogs, Government Spending

It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp of history. This is why I’ve tried to educate people, for instance, that government intervention bears the blame for the 2008 financial crisis, not capitalism or...

We Get Bad Analysis when Statists Write Economic History

by Dan Mitchell | Jul 31, 2014 | Blogs, Economics, Free Market

When major changes occur, especially if they’re bad, people generally will try to understand what happened so they can avoid similar bad events in the future. This is why, when we’re looking at major economic events, it’s critical to realize that narratives matter....

Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

by Dan Mitchell | Jul 1, 2014 | Big Government, Blogs, Economics, Government Spending

There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain for Hoover’s big-government policies, but I also am extremely irritated that – as Jonah Goldberg...

No Matter How Hard He Tries, Obama Will Never Be as Bad as FDR

by Dan Mitchell | Oct 13, 2012 | Big Government, Blogs, Economics, Keynesian

I’ve explained on many occasions that Franklin Roosevelt’s New Deal was bad news for the economy. And the same can be said of Herbert Hoover’s policies, since he also expanded the burden of federal spending, raised tax rates, and increased government intervention. So...

The Gold Standard Is a Good System, but Governments Can’t Be Trusted to Operate It Honestly

by Dan Mitchell | Mar 1, 2012 | Blogs, Monetary Policy

I’ve linked before to Professor George Selgin’s masterful video on the Federal Reserve’s horrible track record, and I’ve done my own video on the origin of central banking. These types of posts often generate questions about what reforms we should support, and a lot...
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